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Dow Jones Board To Stay On Sidelines Following News Corp Bid

So says a WSJ story, quoting sources…the board met today for its regularly scheduled meeting, and discussed several issues, including the prospect of adopting a change-of-control package for executives, but agreed to stay on the sidelines as the company’s controlling Bancroft family continues to ponder News Corp.’s $60-a-share offer. The board’s position is that to assess the offer at this point would be futile if the controlling shareholder would vote it down anyway.

Also, in light of Thomson-Reuters spending merger, Clare Hart, president of the company’s Enterprise Media Group, made a presentation to the board on that division, which includes Dow Jones Newswires, Dow Jones Indexes and Factiva. Todd Larsen, the COO of the company’s Consumer Media Group, which includes WSJ, Barron’s and MarketWatch, also made a presentation to the board.